Why has Bitcoin gone down?

Bitcoin, as of December 2020, has experienced a steady rise to reach new all-time highs, breaking through $20,000 per BTC , but it was not always so steady. Cryptocurrencies like Bitcoin and Ethereum have indeed proven resilient.

Bitcoin Price Update Bitcoin PriceValueToday/Current/Last34,63,5061 Day Return0.17%7 Day Return5.89%Bitcoin price live today – The Economic Times m.economictimes.com › markets › bitcoin-price › cryptodetail › symbol-btc

Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million .

Part of the reason behind this sharp decline in the value of Bitcoin is down to policy changes from the US Federal Reserve , as its chair, Jerome Powell, declared last December that the monthly rate at which it reduces asset purchases would be doubled by the Federal Open Market Committee (FOMC).